Monument Capital Management Invests $1.71 Million in Ecolab Inc. (ECL)
Monument Capital Management bought a new stake in shares of Ecolab Inc. (NYSE:ECL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,734 shares of the basic materials company’s stock, valued at approximately $1,708,000.
Other large investors also recently bought and sold shares of the company. Atlantic Trust LLC bought a new position in shares of Ecolab during the second quarter valued at approximately $106,000. IHT Wealth Management LLC grew its holdings in Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after buying an additional 38 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Ecolab in the 4th quarter worth approximately $125,000. Archford Capital Strategies LLC grew its holdings in Ecolab by 169.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock worth $164,000 after buying an additional 8,135 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in Ecolab in the 4th quarter worth approximately $174,000. 76.63% of the stock is owned by institutional investors.
In other Ecolab news, SVP Bruno Lavandier sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $135.71, for a total value of $169,637.50. Following the completion of the sale, the senior vice president now directly owns 7,725 shares in the company, valued at $1,048,359.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Larry L. Berger sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $137.37, for a total value of $713,911.89. Following the completion of the sale, the vice president now owns 33,110 shares of the company’s stock, valued at $4,548,320.70. The disclosure for this sale can be found here. Insiders sold 57,446 shares of company stock valued at $7,886,307 over the last 90 days. 1.49% of the stock is currently owned by insiders.
Shares of Ecolab Inc. (NYSE ECL) opened at $131.74 on Wednesday. The firm has a market capitalization of $38,151.14, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. Ecolab Inc. has a 52-week low of $119.42 and a 52-week high of $140.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 19th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.24%. This is an increase from Ecolab’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 18th. Ecolab’s dividend payout ratio is 33.26%.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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